Wealthory Stock Trading

2022-06-07 04:05:58 COCOLND breakthrough its third resistance at 1.42, add on resistance at 1.50.

16.8% profit in just 3 trading days

Support change to 1.42 Open / Comment

2022-06-06 15:11:23 KLCI index Updates [06/06/2022]

KLCI Index was moving sideway as overall but there is a pump on last Tuesday due to MSCI balancing, finance sector pumped high before the market closed. MSCI balancing will pump the KLCI Index but it always will pullback on the next day. Previously was telecommunications sector if I'm not mistaken. Other than this, try to keep an eye on US's CPI that will announce on this Friday.

Technical wise, KLCI Index failed to sustain its strong breakout that happened due to MSCI balancing and continue its pullback with no rebound signal last week. It's likely to continue its pullback or going sideway with low volume in this week.

Resistance 1560, 1575
Support 1530, 1515

Based on this weekly listing, sectors that can be monitored:
1. OnG (DELEUM)
2. Wood (FLBHD, MINHO)
3. Plantation (INNO)

Other counters that you may try to monitor for the sector above:
1. OnG (HIBISCS, PETRONM)
2. Plantation (BPLANT)

Other sectors that you may try to monitor:
1. Technology (D&O, FRONTKN, INARI) Open / Comment

2022-06-06 14:46:34 Weekly listing for 23th week year 2022:

1. INNO
2. FLBHD
3. COCOLND
4. POHKONG
5. FOCUSP
6. DELEUM
7. FLEXI
8. MINHO


8 counters are chosen within 142 counters for this week. The chosen rate is just 5.63%. Let's see how these counters will perform in this week

Please check it out at:
Public channel:
https://t.me/WealthoryStockTrading
Public discussion group:
https://t.me/WealthoryStockDiscussion

*DISCLAIMER*
Wealthory Stock Trading is a channel which sharing for education and case study purpose. There is no buy/sell call given in this channel. We are not responsible for your trades. You have to trade your own risk and seek for advices from your licensed advisor before making investment decision. Open / Comment

2022-06-06 14:43:39 MINHO [06/06/2022]
[Short term | Short-mid term]

Resistance 0.365, 0.38, 0.40
Support 0.325
Risk: 7%

Strong breakout from its sideway and formed a hammer candlestick today on last Friday.

MA 20 is downtrending while MA 50 is going to turn downtrend soon but price is standing right at MA 50. It needs to breakthrough MA 50 to confirm its short term uptrend.

Volume is flowing in slowly and continuously to confirm its breakout signal. Take 0.325 as your support if you're looking to enter.

@WealthoryStockTrading Open / Comment

2022-06-06 14:40:24 FLEXI [06/06/2022]
[Short term | Short-mid term]

Resistance 0.48, 0.50, 0.525
Support 0.42
Risk: 8%

Chart is still going sideway as overall but it formed some breakout signal with buying volume on last Friday.

MA 20 is going sideway while MA 50 is downtrending but price is standing on both MA lines.

Volume started to enter on last Friday to support its breakout signal. Take 0.42 as your support if you're looking to enter.

@WealthoryStockTrading Open / Comment

2022-06-06 14:34:30 DELEUM [06/06/2022]
[Short term]

Resistance 0.685, 0.705, 0.73
Support 0.63
Risk: 6%

Strong rebound from its higher low support trend line and managed to sustain to form a hammer candlestick last Friday. It might go higher once it breakthrough its intermediate resistance at 0.685.

MA 20 is slightly downtrending while MA 50 is uptrending but price is standing within both MA lines. It needs to breakthrough MA 20 to confirm its uptrend again.

Volume is flowing in slowly and continuously to support its rebound signal. Take 0.63 as your support if you're looking to enter.

@WealthoryStockTrading Open / Comment

2022-06-06 14:31:09 FOCUSP [06/06/2022]
[Short term]

Resistance 0.815, 0.84, 0.885
Support 0.76
Risk: 4%

Strong breakout from its sideway and breakthrough MA 20 to close at highest point on last Friday. It might go higher once it breakthrough its intermediate resistance at 0.815.

MA 20 is slightly downtrending while MA 50 is uptrending and price is standing on both MA lines.

Volume is flowing in slowly to support its breakout signal. Take 0.76 as your support if you're looking to enter.

@WealthoryStockTrading Open / Comment

2022-06-06 14:29:13 POHKONG [06/06/2022]
[Short term | Short-mid term]

Resistance 0.835, 0.855, 0.875
Support 0.79
Risk: 8%

Double bottom formation is under progress. Slightly breakout from its bottom and breakthrough its MA 20 on last Friday. It might go higher once it breakthrough its intermediate resistance at 0.835.

MA 20 is downtrending while MA 50 is going sideway but price is standing within both MA lines. It needs to breakthrough MA 50 to confirm its uptrend again.

Volume is still low for this counter, hope that more buying volume will enter to push it higher. Take 0.79 as your support if you're looking to enter.

@WealthoryStockTrading Open / Comment

2022-06-06 14:26:17 COCOLND [06/06/2022]
[Intraday | Short term]

Resistance 1.31, 1.35
Support 1.24
Risk: 3%

F&N announced to acquire COCOLND at RM1.50 per share, not sure whether it will gap up tmr. You may try to monitor closely for any chance on this.

Both MA 20 and MA 50 are going sideway but price is standing on both MA lines.

Volume is flowing in continuously to support its strong breakout. Take 1.24 as your support if you're looking to enter.

Ps: Listed on Premium Channel when it's just 1.24/1.25

@WealthoryStockTrading Open / Comment

2022-06-06 14:22:43 FLBHD [06/06/2022]
[Short term]

Resistance 1.49, 1.55, 1.59
Support 1.40, 1.37
Risk: 3%, 5%

Potential double bottom formation is under progress. Try to monitor if it can breakthrough its intermediate resistance at 1.49 to confirm its formation.

MA 20 is downtrending while MA 50 is going sideway but price is standing within both MA lines. It needs to breakthrough MA 50 and its intermediate resistance to confirm its uptrend again.

Volume is flowing in slowly and continuously to support the potential double bottom formation. Take 1.40 as your pullback buy support and 1.37 as your last support if you're looking to enter.

@WealthoryStockTrading Open / Comment